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26 Feb 2015
DXY in monthly highs near 95.40
FXStreet (Edinburgh) - The greenback, measured by the US dollar index, keeps pushing higher on Thursday, lifting the index to fresh monthly highs in the 95.40 neighbourhood.
DXY boosted by US data
The index has been boosted after results from Durable Goods Orders and consumer prices in the US economy came in above expectations during January. The greenback is advancing across the board and shaping an outside day at the same time, leaving the door open for further upside in the near/medium term.
Moving forwards to Friday’s US docket, Chicago PMI, Pending Home Sales and the Consumer Sentiment tracked by the Retuters/Michigan index will preceed speeches by Fed’s W.Dudley and S.Fischer.
DXY relevant levels
The index is now advancing 1.17% at 95.35. A surpass of 95.77 (high Jan.23) would open the door to 95.84 (high Jan.26) ahead of the psychological handle at 96.00. On the flip side, the immediate support lies at 94.07 (low Feb.26) followed by 93.90 (low Feb.19) and finally 93.87 (low Feb.17).
DXY boosted by US data
The index has been boosted after results from Durable Goods Orders and consumer prices in the US economy came in above expectations during January. The greenback is advancing across the board and shaping an outside day at the same time, leaving the door open for further upside in the near/medium term.
Moving forwards to Friday’s US docket, Chicago PMI, Pending Home Sales and the Consumer Sentiment tracked by the Retuters/Michigan index will preceed speeches by Fed’s W.Dudley and S.Fischer.
DXY relevant levels
The index is now advancing 1.17% at 95.35. A surpass of 95.77 (high Jan.23) would open the door to 95.84 (high Jan.26) ahead of the psychological handle at 96.00. On the flip side, the immediate support lies at 94.07 (low Feb.26) followed by 93.90 (low Feb.19) and finally 93.87 (low Feb.17).